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I have Known Steve Benjamin, Professional Business Loans for a while now, i myself have several deals that are with Steve @ the moment. Steve is old school, Workaholic, truly cares about the merchant, and does his due diligence in getting truly quality money for clients, whether its thru Heloc or No Doc Loan or A good Term Loan, i have seen his work up closely, i can say extremely rare! and that's why i work some of my files with Steve. I know he has helped many people on the Forums as well, Definitely an Asset and a Think Tank that figures out a way around obstacles, and has many years experience in the Industry with priceless contacts that make things a Reality for the client and a Nightmare for the MCA broker robbing and then robbing some more of the client. That spells it out pretty clear!

I actually funded a 50k today with them for a home health care. They do more of the B to D paper. James Alvarez Extra Funding LLC

I can tell you right now that over the last 15 years I have been with Centrex selling and consulting on enterprise finance technology, the most successful shops will use MCA as a tool to get their client a higher and/or better facility. Though I have seen the MCA product a million times work on its own for good quality purposes, I still think using it as a tool on your tool belt is the best way to use it. And the MCA product/space isn't dying at all. Will regs come in and make it more difficult? Yes most definitely......but I have seen this product go through the 2000 dot bomb, 2008 financial crisis, COVID, high interest rates, lawsuits etc etc. It's a good product and it is simply abused by people and organizations that don't know and/or understand the broader landscape of corporate finance. My thoughts. Trey Markel VP Sales and Marketing (888) 622-5810 ex 101 tmarkel@centrexsoftware.com www.centrexsoftware.com

Pennsylvania. I told him to make sure the company who reached out to him is licensed in that state and can legally pay him as an unlicensed broker.

If the property is in California, SDC Capital has a hard money bridge loan program | https://sdcfinance.com/residential-bridge-loan

Because i don't lie to sell leads? 4% is the high end of "average", id say impossible with social media leads, and only if youre really good at it with search based leads. Was that the average in the 2018 debanked state of the industry report?

I guess you are missing the point....many MCA brokers and agents are in it for the quick buck. I would say that very few of you have any interest in doing what in the best interest of the client. Short term, quick buck mentality and lying to clients sometimes seems to be the SOP in this business. There are a few brokers (certainly not you) who ARE interested in seeing how else they can help their clients get better financing. Their client says they want a term loan and many of you are clueless what to do, so you call me. Yes I've done a few MCA's when that is the only immediate solution for a client...but that is a symptom of a greater problem and that's where I can help. This industry is headed for death. You want to go die with it, be my guest. I offer alternatives to death....alternative financing. Brokers call me every day to just ask questions and learn about alternatives. Obviously someone see value in the information I provide. If it doesn't float your boat, just simply put me on your ignore list instead of complaining about my posts.

Steve why are you even on this site? All you talk about is regulation and demonize the entire MCA industry. You claim to only do conventional financing yet I have proven in the past that in fact you do facilitate cash advances. Seems to me that people like you are the real issue!

Yes, it is a scarlet letter. If you actually respect yourself as a salesperson/business owner, or even just like a human. Imagine lying in every conversation you have, living like a thief, and some dude on the internet still defends you - even though you're too lazy to do your own job. Shout out Chambo, he's holding it down for the scumbags.

Can't do hard money on primary residence. Can do Investment property. Primary residence needs a lender who is licensed in the state. And to pay you, you may also need to be licensed so be careful. If it's a basic hard money property loan, I have been doing a lot of them.....have several lenders I use. Some are blanket loans covering all properties with one loan. Some require loan on each property. You can finance investment property - residential 1 - 4 units, more than 4 units, mixed use properties, land, commercial property, agriculture, etc. One has no Fico requirements. Can get up to 75% Loan to Value cash out on these programs. If Fico below 650, LTV goes down. Here are your options: Bridge loan - 24 months Interest Only - runs around 11%. Can have no prepayment penalty up to 6 months to a year depending on the lender. 10 year interest only, amortized 20 after. This program has a bit of a lower rate and is good for rental properties as it offers the lowest payment. However, it does have a 5.4.3.2.1 prepayment penalty. Thats 5% first year, 4% second year, etc. You can buy down the prepay to 3 years for 1% cost. To 1 year at a 5% cost. AGain there are variations. 30 year fixed.....this is for long term fixed and the rate is the lowest of the two above. It also has the 5,4,3,2,1 prepayment penalty. These loans are NoDoc (no income documentation) or SISA (Stated income stated assets) You can also do a dscr on 1 - 4 units and the rates gets into the 8% range. Reach out with questions or help.

Yea I called them losers, because brokers that buy back door data are losers. They suck, the whoever sells it to them sucks. I'm now on the fence about whether or not you are also in that category LOL

What's your kickback on that Marcus?

Good numbers. - Thanks for the analytics PopCrumbs. Any reason why out of 100 leads, you're not seeing the industry average of at least a 4% closing ratio? www.UccRadar.com – Large sales volume merchants filling out your application.

talking about Energy Drinks ---This is a must try beverage (do not drink more then 2). https://odysseyelixir.com/pages/store-locator

Jeez that picture took up most of my screen, agreed tho

In my opinion a horse responds better to a sugar cube than the whip.. but I guess it can be really situational. But if you think the person needs the whip over the sugar cube cause you think the sugar cube wouldn't work, do you really want to keep that person? Idk..

Respect the **** out of that

Problem will go away when the industry gets regulated out of business. Same thing happened to the mortgage industry. They had fake CPA letters, fake paystubs, fake bank statements, falsified appraisals. All the bad players left the industry.

You think I actually care what you or anyone else thinks about what I posted? Its a public forum, get over it.

It's the classic Yenta Syndrome. Have to be in everyone else's business, even if it has zero bearing on them.

This is just silly amd immature Haven't you figured out by now that this industry is packed with sociopaths, who could care less of your feelings one way or the other? Calling them losers.....like it is some sacred Scarlett Letter? You want to stop these folks, have the merchant prove to the AG of their state that their info is being passed around like a $2 *****. That's the only way to get any results

If youre getting fresh leads from Facebook/Google i'd expect these numbers 60-70% contact rate about 50-60% of them will be qualified to get an app 40-60% should come back 1/3 should see an offer 1/3 should close So If you buy 100 leads you should talk to 60 of them, 30 of them will be qualified, 15 of them will send in paperwork, 5 will get an offer, 1.66 will close Obviously if you can contact 70% over 60% youll be better off, but if you're only talking to 30% of them, thats on your process and technology. Usually a lot of people have this issue to start, low contact rate, or they dont even know what rate their contact is at. Your CRM should help you, do you know what your contact rate is at?

All good. I was actually just projecting my insecurities onto OlderGuy. This is a good topic, feel free to share, and I'll back you up, or shred your argument.

Okay solid just go off on random weird tangents, leaving this here lmao "you derail a perfectly viable topic discussing the merits of workplace efficiency strategies, with your nonsensical, inappropriately placed jokes." I actually think this topic of the thread is really interesting :)

Actually son, I'll stick to whatever topic my al dente spaghetti lands on... if it doesn't fit you, just scurry along there... sorry, not sorry.

Thank you everyone for the comments and feedback. I'm going to try to answer everyone questions the best way I can. First, I do have sales and prospecting experience but honestly, I could probably be better on the prospecting side myself. Also, I'm not looking for some magic bullet or anything and understand things take time. My question really came about when signing up with vendors they are making sound like brokers are getting all these leads. I do have a CRM that is built with a bunch of automation to engage leads and have seen success with it.